International Cooperation

Armenia should strive to create regional market together with Georgia: finance minister

Armenia should strive to create a regional market together with Georgia, Armenian finance minister Tigran Davtian said Saturday in Tsakhkadzor, a resort Armenian town that hosted the 7-th international business forum called Bridge-2010.
22/02/2010 12:03

Iran pledges support to Armenia in construction of railway

Iran has expressed willingness to help Armenia in Iran-Armenia railway construction, Armen Movsisyan, Armenian energy minister and co-chair of Armenian-Iranian intergovernmental commission, said Wednesday after the commission’s ninth session.
29/01/2010 18:13

Armenia, Iran to cooperate in social area

On Thursday, Armenian government gave its consent for signing an agreement with Iran on cooperation in social area.
21/01/2010 18:50

Global crisis makes World Bank more resolute to secure its effective presence in south Caucasus: WB official

In a last week interview to the Armenian daily ‘Hayastani Hanrapetutyun’ the World Bank Managing Director, Ms. Ngozi Okonjo-Iweala, said the global crisis has made THE World Bank more resolute in securing its effective presence in the South Caucasus.
19/10/2009 13:27

Turkish expert: no serious competition for Russia by Turkish businessmen in Armenia

Turkish expert, senior analyst at the European Stability Initiative Nigar Goksel doubted that the Turkish businessmen can seriously compete with Russia's businesses in Armenia.
15/10/2009 12:37

Foreign Мinistry: Armenia proud of its peacekeepers in Kosovo

Armenia is proud of its peacekeepers in Kosovo, Armenian Foreign Minster Edward Nalbandyan said in his address to participants of Yerevan-Pristina video bridge.
15/10/2009 11:23

Households in Armenia to be surveyed for gauging impact of global crisis on them

On Friday, UN Resident Representative in Armenia Consuelo Vidal and Armenian National Statistical Service Chairman Stepan Mnatsakanyan, signed an agreement for surveying households in Armenia to see how much the global recession have impacted them.
31/07/2009 21:23

UN to extend $72 million loan to Armenia for 2010-2015

Armenia’s Prime Minister Tigran Sargsyan and UNDP Resident Representative in Armenia Consuelo Vida signed last Friday the 2010-2015 United Nations Development Program (UNDP) in Armenia.
27/07/2009 16:52

Armenian and Greek entrepreneurs discussing cooperation prospects

Armenian and Greek entrepreneurs are discussing cooperation prospects.
30/06/2009 20:59

Russia’s share 24.4% in Armenia’s total trade turnover in Jan-Apr

This January-April, Russia’s share in Armenia’s trade turnover reached 24.4%, Alexey Ostrovsky, Chairman of the Committee for CIS Affairs, RF State Duma, stated at the international conference “Armenia at the communication crossroads” held in Tsakhkadzor,
22/06/2009 18:49

Armenia, Syria create favorable legislative field for developing trade, economic relations – president

Due to joint efforts of the Governments of Armenia and Syria a favorable legislative field for the development of bilateral trade and economic relations, said President of Armenia Serzh Sargsyan.
18/06/2009 20:46

Armenia, Syria to discuss simplifications of visa procedures in Sep ‘09

Armenia and Syria plan to discuss possible simplifications in visa procedures at an intergovernmental meeting in September 2009, said Syria’s President Bashar al-Asad at the Thursday opening of the Armenian-Syrian business forum.
18/06/2009 19:54

Trade turnover between Armenia and Kazakhstan over $21.4mln in 2008

Trade turnover between Armenia and Kazakhstan totaled $21.4mln in 2008, Armenian co-chair of the intergovernmental commission on Armenia-Kazakhstan trade and economic cooperation Samvel Avetisyan said.
13/05/2009 13:02

Regular sitting of BSEC working group on banking, financial issues in Yerevan on April 9-10

Regular sitting of the working group of Black Sea Economic Cooperation (BSEC) on banking and financial issues will take place in Yerevan on April 9-10, the press-service of the Central Bank of Armenia reported.
08/04/2009 21:25

Germany hails Armenia-Turkey attempts to thaw icy relations

Germany hails the attempts of Armenia and Turkey to thaw icy relations, said Minister of State at the Federal Foreign Office Gernot Erler.
30/03/2009 17:48


Market USD exchange rates
Market EUR exchange rates
Market exchange rates 11/03/2010
Currency Symbol Unit Rate Changes
USA Dollar USD 1 391.41 1.47
Euro EUR 1 534.67 5.09
Russian Rоublе RUR 1 13.29 0.17

Favorable еxchange rates of banks 11/03/2010
Currency Buy Sell
USD 390.5
Armenian Development Bank
 392.5
“ArmSwissBank”
Euro 531
ACBA-CREDIT AGRICOLE BANK
 537
ACBA-CREDIT AGRICOLE BANK
Cascade Bank
“ArmSwissBank”
RUR 13.1
Ardshininvestbank
BTA Bank
 13.25
ProCreditBank

Macroeconomics
Indicator Term Figures
economic growth,% 2009-12 85.6
GBP, billion AMD 2009-12 3165.5
inflation, % 2010-01 101.7
Budget deficit (proficit), bln AMD 2009-12 148.3
trade deficit, mln USD 2009-12 -2606.4
foreign trade turnover, mln USD 2009-12 4001.9
foreign trade turnover, % 2009-12 73
Gross External Reserves, mln. USD 2009-12 2003.41
Monetary base, billion AMD 2009-12 511.7
Money supply, billion AMD 2009-12 815

Financial market
Indicator Term Figures
Anual interests on loans
Legal entities in AMD 2010-01 14.8
Legal entities in USD 2010-01 13.5
Individuals in AMD 2010-01 22
Individuals in USD 2010-01 17.6
Anual interests on deposits
Legal entities in AMD 2010-01 6.5
Legal entities in USD 2010-01 5.4
Individuals in AMD 2010-01 9.1
Individuals in USD 2010-01 5.3
Annual profitability
state stock of CBA, % 2008-08 8
fiscal stock of Armenia, % 2010-01 8.8

The percents of the CBA
Indicator Term Figures
Banking rate 2010-03 13
Repo 2010-03 6.5
Credit 2010-03 9.5
Depo 2010-03 3.5



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